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Listen and Beware !!! Fake Customer Care Call from Banks

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Go through the audio conversation between a customer and so called Fake Customer Care Executive of SBI. Initially they asked for SBI debit card and when they came to know that customer doesn’t carry the State Bank debit card, he asked for any bank’s card. This is known as Vishing in banking terminology and defined as any attempt to obtain ...

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ATM Fraud – List of Customers Liability

bank-fraud

Check out the list of liabilites for customers if their ATM cards defrauded. RBI has advised banks to improve and upgrade their ATM security software against recent frauds like skimming and phishing. RBI has pointed out that banks have not taken steps to secure ATMs running on old software despite being warned about these in April, 2017.  Read – Banks to Upgrade ...

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Why Paytm or other e Wallet have no future ?

What would be the future of eWallet in India. This is a very sensitive query raised as various digital initiative are taken by Big banks in India along with NPCI. A common question asked by many, “What would be the future of Paytm ?”. This was the question raised when NPCI launches BHIM, QR Code and Aadhaar Pay application.  Whether ...

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10 Public Sector Banks Are Not Eligible for 11th Bipartite Settlement Benefits

Recently Government agrees to infuse Rs8,586 crore capital infusion in 10 weak public sector banks (PSBs) in the current fiscal year but terms strict norms and condition, including raising capital from other sources and curtailing major employee benefits. Government wants a tripartite memorandum of understanding (MoU) in this regard between Bank Management, Government concerned and Employees Unions. Read : SBI ...

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